TSX VENTURE EXCHANGE (April 28, 2008)

The S&P-TSX Venture Composite Index managed a small gain in the third week of April, closing the April 15-21 trading session up 12.16 points at 2,559.82.

The bears still led the bulls, with 209 juniors sinking to new share price lows while only 11 climbed to new highs.

Glass Earth Gold, an exploration company focused on New Zealand, grabbed top trader status. The small-cap company traded 20.7 million shares over the session to close down 4.5 at 12. The majority of those shares moved the day after St. Andrew Goldfields sold 18.3 million of its roughly 65 million shares in Glass Earth. St Andrews continues to hold a 30.5% interest in the junior.

Still hot following news of its imminent three-way merger with main board-listed New Gold and Metallica Resources, Peak Gold moved almost 20 million shares to close up a penny at 75. Since the merger was announced in March, Peak Gold has experienced slightly higher trading volumes than usual but has not seen a significant change in share price.

Another small junior that’s grabbed investors’ attention is Skyharbour Resources. In early April, the company hit volcanogenic massive sulphide (VMS) mineralization in its first drill hole at South Bay, in western Ontario. A 100- metre stepout hole hit VMS mineralization a few weeks later. The two announcements boosted the dime-stock by 150% and kept trades moving — Skyharbour traded 17.8 million shares over the period. Assay results from the discovery hole, out on the session’s last day, returned short mineralized intercepts.

Frontier Pacific Mining spent the session’s weekend responding to an unsolicited takeover offer from Eldorado Gold. Eldorado thinks Frontier’s Perama Hill gold project in northeastern Greece would be a good addition to its regional gold basket, which already includes the producing Kisladag mine and development- stage Efemcukuru gold project in Turkey. Frontier, which gained 19 and moved 11.2 million shares on the offer, is recommending shareholders reject the bid.

In a happier merger, Quinto Mining agreed to be taken out by Consolidated Thompson Iron Mines in a deal valued at $150 million. Quinto’s Peppler Lake and Lamelee iron ore deposits are within 40 km of Consolidated Thompson’s Bloom Lake project, expected to start producing 7 million tonnes of iron ore concentrate per year in the next few months. Quinto gained 40% over the session to close at $1.44 on 7.7 million shares traded.

Closing an $11.14-million financing brought Quaterra Resources down 90 over the session to close at $2.83. And Altai Resources traded almost 5 million shares to lose 34 and close the session at $1.14. The junior released interim financials and announced a 7 million share private placement.

TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Glass Earth	GEL	20665	0.16	0.12	0.12	-0.045
Peak Gold	PIK	19988	0.76	0.73	0.75	+ 0.01
Skyharbour Res	SYH	17833	0.26	0.16	0.22	+ 0.025
Dumont Nickel	DNI	12118	0.09	0.05	0.07	+ 0.02
Frontier Pacif	FRP	11287	1.00	0.66	0.89	+ 0.22
Lateegra Gold	LRG	9921	0.42	0.19	0.30	+ 0.125
Quinto Mng	QU	7706	1.45	1.00	1.44	+ 0.41
KWG Res	KWG	7391	0.075	0.06	0.06	-0.01
Canasia Indust	CAJ	5490	0.25	0.175	0.19	+ 0.015
Spider Res	SPQ	5361	0.115	0.09	0.10	-0.01

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Zappa Res	ZPA	379	0.05	0.025	0.03	+200.0
Telkwa Gold	TKW	330	0.13	0.09	0.13	+ 85.7
Golden Share M	GSH	187	0.23	0.135	0.21	+ 75.0
Lateegra Gold	LRG	9921	0.42	0.19	0.30	+ 71.4
Goldsource Min	GXS	73	0.31	0.22	0.30	+ 66.6
Palladon Vent	PLL	3964	1.10	0.63	0.98	+ 58.0
Acrex Vent	AKV	166	0.14	0.10	0.14	+ 55.5
SNL Enterprise	SNL	122	0.40	0.25	0.40	+ 53.8
Menika Mining	MML	1061	0.12	0.085	0.12	+ 50.0
Cascadia Intl	CJ	173	0.09	0.05	0.09	+ 50.0
Skyline Gold	SK	117	0.14	0.095	0.10	-44.4
Adroit Res	ADT	45	0.19	0.16	0.16	-40.7
Gold World Res	GDW	49	0.08	0.04	0.04	-38.4
Newcastle Mnls	NCM	51	0.05	0.04	0.05	-37.5
Cornerstone Ca	CGP	884	0.34	0.20	0.22	-37.1
Solid Res	SRW	38	0.18	0.17	0.17	-37.0
Manson Creek	MCK	43	0.12	0.08	0.10	-35.4
I-Minerals	IMA	53	0.78	0.57	0.61	-35.1
Amseco Expl	AEL	60	0.15	0.10	0.10	-33.3
NorthArrowMn	NAR	79	0.19	0.155	0.16	-31.9

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Pan Oce Exp	POE	2412010	12.99	+ 1.86
Callinan Mns	CAA	1001279	2.67	+ 0.67
Macarthur Mnl	MMS	84600	1.81	+ 0.58
Azimut Expl	AZM	62680	3.39	+ 0.54
Anooraq Res	ARQ	270673	3.92	+ 0.53
New Millen Cap	NML	4810237	2.29	+ 0.45
Quinto Mng	QU	7705614	1.44	+ 0.41
Palladon Vent	PLL	3964144	0.98	+ 0.36
Hathor Expl	HAT	4021609	2.64	+ 0.35
Maudore Minls	MAO	643098	2.14	+ 0.35
Quaterra Res	QTA	127137	2.83	-0.90
Seabridge Gold	SEA	63567	21.88	-0.62
Clifton Star	CFO	31143	2.30	-0.60
Bear Creek Mng	BCM	116475	7.29	-0.48
Exeter Res	XRC	1816283	3.98	-0.48
Whitemud Res	WMK	30332	7.40	-0.45
Triex Minerals	TXM	114765	1.32	-0.36
Noront Res	NOT	1272400	5.10	-0.34
Altai Res	ATI	4946349	1.14	-0.34
I-Minerals	IMA	53050	0.61	-0.33